Unfort the whole M/S sector has been trashed dragging down all great value co,s. BYL and NWH do a lot of work outside of mining but sentiment and downgrades and the fear of downgrades makes a strong headwind to have to fight. NWH earns re 60% from its civil division and BYL must earn alot too.
Swan tipping another $3 billion minto infrastructure development esp roads and rail. The mkt cares didly squat. Value everywhere but some are traps with div drops and downgrades ahead.
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whats up doc this is mad!, page-4
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